ECOSCIENCES, INC. 4
4 · ECOSCIENCES, INC. · Filed Sep 12, 2014
Insider Transaction Report
Form 4
WHITEHOUSE EDWARD JOSEPH
DirectorSecretary and Treasurer10% Owner
Transactions
- Disposition to Issuer
Series A Convertible Preferred Stock
2014-06-09−100,000→ 1,668,630 totalFrom: 2014-05-12→ Common Stock (2,000,000 underlying)
Footnotes (4)
- [F1]Each share of Series A Convertible Preferred Stock is convertible by the holder thereof into twenty (20) shares of Common Stock of the Issuer; provided, however, each holder of Series A Convertible Preferred Stock may not convert any part of the Series A Convertible Preferred Stock if such conversion would cause such holder or any of its assignees to beneficially own more than 4.99% of the Common Stock of the Issuer.
- [F2]On June 9, 2014, the Issuer entered into a Share Redemption Agreement with the Reporting Person pursuant to which the Company redeemed 100,000 shares of Series A Convertible Preferred Stock for $0.20 per share, for a total of $20,000.
- [F3]No expiration date.
- [F4]Reporting Person resigned as an officer of the Issuer on May 9, 2014 and as a member of the Board of Directors on June 23, 2014.